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Hong Kong is frequently acclaimed as being the most open and business user-friendly environment in the world. However, it is often forgotten or overlooked that this paragon of capitalism is founded, and indeed underpinned, by a socialist leasehold land tenure system. As the government is landlord to virtually all land, it plays a pivotal role in the administration of this scarce and therefore valuable resource. The purpose of this book is to explain both the historical development and the current practice of land administration.Since publication of the book in 1998, it has been welcomed by students and practitioners of surveying, architecture, planning and law, and also by the wider business and financial community. In this second edition, the text has been thoroughly updated and should continue to be equally useful and popular.
Authoritative, analytical, and concise, McFarlane, Hopkins and Nield's Land Law provides succinct coverage on the core areas without sacrificing depth or detail. The authors' unique approach to land law arms students with the tools to apply an independent, critical thought process to the content covered in classes and assessments.
Although Hong Kong is an open and business-friendly environment, it has a socialist leasehold land tenure system. The government is landlord to virtually all land, so it plays a pivotal role in the administration of this scarce and therefore valuable resource. As land administration is governed by private contract law rather than legislation, it is constantly evolving with the courts handing down decisions on a regular basis. Government practice also has to respond to this, as well as to the community's concerns on how best land can be administered. As a result, regular updates of this book are required and this new Third Edition is fully up to date to serve its readers — students and practitioners of surveying, architecture, planning and law, and the wider business and financial community.
Qiao demonstrates how an impersonal and unbounded market can operate without legal protection or enforcement of property and contract rights.